The Bank Reform Bill… A “Systemic Crisis” Is Always Preceded by “Systemic Failures”

The Bank Reform Bill… A “Systemic Crisis” Is Always Preceded by “Systemic Failures”

BdL’s proposal raises multiple concerns, both in its form and content. It bypasses the collectively approved government decision and seeks to concentrate all restructuring powers in the hands of the central bank Governor—based on the notion that “I know better how to solve this.” This is happening in a context of near-total lack of transparency in BdL’s operations and heavy reliance on leaks, which erode long-term trust in the institution. Moreov